Louisiana Revised Statutes 9:3147 – Insurance
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Terms Used In Louisiana Revised Statutes 9:3147
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
All or part of the builder’s obligation under any warranty required in this Chapter may be insured by the builder for the benefit of the purchaser through an insurance company authorized to transact business in this state.
Acts 1986, No. 676, §1.